Guangzhou Automobile Group (02238): GAC Aion plans to increase capital to Huawang Motors by 600 million yuan.
Guangzhou Automobile Group (02238) announced that on August 13, 2025, the board of directors reviewed and approved...
Guangzhou Automobile Group (02238) announced that on August 13, 2025, the board of directors approved the "Proposal on Guangqi Aion's Investment in Huawang Automobile." It agreed for its subsidiary Guangqi Aion New Energy Automobile Company Limited (referred to as "Guangqi Aion") to increase its capital by 600 million yuan towards Huawang Automobile Technology (Guangzhou) Co., Ltd. (referred to as "Huawang Automobile"). After this capital increase, the company will directly hold 71.43% of Huawang Automobile's equity, and through Guangqi Aion, indirectly hold 28.57% of Huawang Automobile's equity.
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